Aug 05, 2022 06:29 PM ISTA 50 bps rate hike may seem hawkish, but it was required to control inflation, South Indian Bank MD & CEO Murali Ramakrishnan said
Aug 05, 2022 12:42 PM IST Although outsourcing of a permissible activity is an operational decision of the lender, it exposes them to various risks, the RBI said
Jul 22, 2022 12:31 PM IST Shaktikanta Das' comments come after the RBI said that loading of credit lines on to prepaid payment instruments (PPIs) is prohibited, a model adopted by many fintechs. RBI to come up with digital lending guidelines within a few weeks, he added.
Jul 15, 2022 06:57 PM IST According to people aware of the matter, the central bank has already held discussions with stakeholders on various issues.
May 18, 2022 03:40 PM IST A group of fintechs have smelled an opportunity in the financial services market that focus on children, which is largely under-penetrated. Many firms like Muvin and Pencilton have already launched products like pre-paid cards, and many have either raised funds or are planning to do so to tap the market.
Apr 28, 2022 06:19 PM IST Executive director Anup Bagchi said banks may soon start to lend to MSMEs based on their cashflows and not on their solvency, thanks to the rapid adoption of digital services.
Apr 08, 2022 02:50 PM IST RBI monetary policy | The bank will soon issue guidelines on digital lending after going through around 650 suggestions it had received, says RBI
Apr 06, 2022 06:50 PM IST The bank is looking to invest nearly Rs 1,000 crore in building and upgrading its digital technology in the present fiscal, as per management.
Mar 17, 2022 06:27 PM IST India ranked third in terms of the number of start-ups joining the unicorn club in 2021, next only to the US and China.
Dec 09, 2021 07:51 PM IST Kamath said startup founders should raise funds only when required and not just because it is available. Kamath and PB Fintech founder Yashish Dahiya were speaking at Razorpay’s annual event on the future of fintech IPOs.
Sep 07, 2021 08:34 AM IST The AA system will disrupt banking as we know it. But it is not all threat to banks, they have new opportunities too
Jun 27, 2021 09:00 AM IST Using their wide network and technology, finetch firms are helping villagers register on CoWin. Their banking correspondents are spreading awareness and also encouraging people to get vaccinated against coronavirus
Dec 24, 2020 05:38 PM IST The difficulty borrowers face in repaying their loans is forcing many fintech lending startups to restructure loans and show them as ‘standard assets’ as the year draws to a close.
Aug 24, 2020 11:58 AM IST Startups like FamPay and Slice are coming up with products tailored for students and young professionals. Can they get these consumers to stick around and expand their product suite as they grow up?
Aug 19, 2020 11:57 AM IST Credit cards gain popularity as startups work out innovative solutions with banks to expand the user base. Can new-age private banks corner a larger market share through these partnerships?
Jun 19, 2020 11:19 AM IST When you borrow, you’ve got to repay. But lenders cannot humiliate you and use aggressive methods for recovery
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